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Saab Seals Engine Deal with BMW, gets 4 Cylinder Turbo Units from 2012
The BMW Group and Saab-owner Spyker Cars N.V. have come to an agreement for the use of the German automaker's petrol engines in Saab's vehicles from 2012 onwards. The long-rumored deal, which will ultimately help Saab further reduce its reliance on previous owner General Motors, currently the firm's only supplier of gasoline powerplants, was signed on Wednesday by Ian Robertson, member of the Board of Management of BMW AG, and the CEO of Saab Automobile, JanÅke Jonsson, in Trollhättan in Sweden.Under the agreement, BMW will supply Saab with 4-cylinder 1.6 liter turbocharged petrol engines, which will incorporate the Bavarian automaker's fuel-saving and emissions -cutting stop-start and regenerative braking tech. Saab said the engines will be adapted to meet the firm's specific requirements.
"We look forward to integrating this technology into our next-generation vehicles in a true Saab way," said Saab Automobile CEO Jan Ã…ke Jonsson.
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Saab Automobile Parts Ab Sued For €2.6 Million By Bmw Over Unpaid Deliveries
In September 2010, BMW Group signed an agreement with Saab for the supply of their 1.6-liter turbocharged four-cylinder engines to be used in the next generation of 9-3. On paper, it was a win-win situation. It gave Saab’s new owner at the time,...
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Saab Automobile Parts Ab And Its Global Subsidiaries To Operate Independently
On Wednesday, it was announced that the administrators of Saab Automobile AB had signed an agreement with National Electric Vehicle Sweden AB (NEVS), a newly formed Chinese-Sweden investment group with Japanese backing, for the sale of Saab Automobile...
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Saab Responds To Media Reports, Says Deal With Pang Da Still On
Responding to recent media reports, Saab's parent company Swedish Automobile N.V. [Swan] issued a short statement saying the investment deal with China's Pang Da Automobile is still on the table. Pang Da Automobile had signed an agreement in...
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Saab’s Deal With China’s Hawtai Motors Collapses, Future Once Again Uncertain
Another day, another deal gone sour for Saab and its parent company Spyker Cars N.V. Today, less than two weeks after Saab announced an agreement with China’s Hawtai Motor Group that would have invested €150 million (US$215 million) into...
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Saab Ceo Jan Ã…ke Jonsson To Retire, Victor Muller Takes Over Temporarily
Dutch automaker Spyker Cars NV announced on Friday that Saab Automobile’s Chief Executive Officer and President, Jan Åke Jonsson, has decided to step down from his position on 19 May, 2011. The company said that until a successor to the longtime...
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